15 Jun 2015
June FOMC Meeting: Expecting little change to inflation and unemployment projections – Wells Fargo
FXStreet (Barcelona) - Economists at Wells Fargo Securities preview the US June FOMC Meeting ahead in the week and the key risks to the rate outlook.
Key Quotes
“Being a quarter end meeting, the FOMC will provide its updated economic outlook and follow-on press briefing with Fed Chair Yellen. Prospects are high that GDP growth will be revised lower for 2015 due to the soft start to the year. That said, we look for little change to the inflation and unemployment rate projections, which continue to point to further progress being made toward longer-run targets.”
“Financial market attention will likely focus on the Fed’s rate projections, particularly what those projections imply for a rate hikes this year. Unless the conviction of the outlook deteriorates, the FOMC seems poised to raise rates at the September meeting.”
Key Quotes
“Being a quarter end meeting, the FOMC will provide its updated economic outlook and follow-on press briefing with Fed Chair Yellen. Prospects are high that GDP growth will be revised lower for 2015 due to the soft start to the year. That said, we look for little change to the inflation and unemployment rate projections, which continue to point to further progress being made toward longer-run targets.”
“Financial market attention will likely focus on the Fed’s rate projections, particularly what those projections imply for a rate hikes this year. Unless the conviction of the outlook deteriorates, the FOMC seems poised to raise rates at the September meeting.”